E*TRADE Financial Corporation today released its Monthly Activity Report for August 2016

Daily Average Revenue Trades ("DARTs") for August were 143,831, a two percent decrease from July and a 20 percent decrease from the year-ago period. The Company added 31,481 gross new brokerage accounts in August and ended the month with approximately 3.3 million brokerage accounts—an increase of 7,308 from July.

Net new brokerage assets were $0.9 billion in the month. During the month, customer security holdings increased by $0.8 billion, and brokerage-related cash increased by $1.2 billion to $46.2 billion. Bank-related cash and deposits remained flat, ending the month at $5.2 billion. Customers were net sellers of approximately $0.4 billion in securities during the month.

Monthly Activity Data

Aug-16

Jul-16

Aug-15

% Chg. M/M

% Chg. Y/Y

Trading days

23.0

20.0

21.0

N.M.

N.M.

DARTs

143,831

147,100

179,908

(2.2

)%

(20.1

)%

Gross new brokerage accounts

31,481

22,899

37,750

37.5

%

(16.6

)%

Gross new stock plan accounts

20,312

25,192

24,998

(19.4

)%

(18.7

)%

Gross new banking accounts

349

323

407

8.0

%

(14.3

)%

Total gross new accounts

52,142

48,414

63,155

7.7

%

(17.4

)%

Net new brokerage accounts

7,308

387

14,038

N.M.

N.M.

Net new stock plan accounts

3,412

12,095

9,532

N.M.

N.M.

Net new banking accounts

(1,880

)

(1,194

)

(2,055

)

N.M.

N.M.

Net new accounts

8,840

11,288

21,515

N.M.

N.M.

End of period brokerage accounts

3,284,785

3,277,477

3,203,487

0.2

%

2.5

%

End of period stock plan accounts

1,458,560

1,455,148

1,355,534

0.2

%

7.6

%

End of period banking accounts

326,651

328,531

346,791

(0.6

)%

(5.8

)%

End of period total accounts

5,069,996

5,061,156

4,905,812

0.2

%

3.3

%

Customer Assets ($B)

Security holdings

$

217.5

$

216.7

$

203.8

0.4

%

6.7

%

Sweep deposits

26.7

27.5

20.2

(2.9

)%

32.2

%

Customer assets held by third parties(1)

11.8

10.0

14.7

18.0

%

(19.7

)%

Customer payables (cash)

7.7

7.5

6.0

2.7

%

28.3

%

Brokerage customer assets

263.7

261.7

244.7

0.8

%

7.8

%

Unexercised stock plan customer holdings (vested)

31.0

31.9

37.1

(2.8

)%

(16.4

)%

Savings, checking and other banking customer assets

5.2

5.2

5.4

0.0

%

(3.7

)%

Total customer assets

$

299.9

$

298.8

$

287.2

0.4

%

4.4

%

Net new brokerage assets(2)

$

0.9

$

0.3

$

1.4

N.M.

N.M.

Net new banking assets(2)

—

—

(0.1

)

N.M.

N.M.

Net new customer assets(2)

$

0.9

$

0.3

$

1.3

N.M.

N.M.

Brokerage related cash

$

46.2

$

45.0

$

40.9

2.7

%

13.0

%

Other customer cash and deposits

5.2

5.2

5.4

0.0

%

(3.7

)%

Total customer cash and deposits

$

51.4

$

50.2

$

46.3

2.4

%

11.0

%

Customer net (buy) / sell activity

$

0.4

$

2.0

$

(1.3

)

N.M.

N.M.

About E*TRADE Financial

E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.